The special enrollment period is now open to make changes to your 2021 Flexible Spending Account (FSA) elections. This period is only open April 1 to April 15, 2021.
For Columbia University employees, all unused Healthcare and Dependent Care FSA funds from 2020 will automatically roll over into 2021. If you rolled over Dependent Care funds from 2020, you can use those funds for dependents up to the age of 14 (the eligibility age has been temporarily raised from 13 to 14 for those funds).
Additionally, the 2021 dependent care FSA annual election amount has temporarily increased to $10,500.
Please attend an FSA Information Session on April 6 or April 13 to learn the new rules for your FSAs and find out how to make the most of your accounts.
Here's More Information
The December 27, 2020, COVID-19 Stimulus Bill allows employers flexibility in the administration of 2020 and 2021 Healthcare and Dependent Care FSAs.
You can use all unused 2020 funds through December 31, 2021.
Dependent Care Contribution amount for 2021 has been temporarily raised from $5,000 to $10,500.
You can change your elections. You can make new elections, suspend elections or increase/decrease future elections for your Healthcare FSA or Dependent Care FSA during the special enrollment period from April 1 - April 15.